The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 3, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
L.A. County Industrial Asset Trades for $76.8 Mil


A 337.1k sf, Class A industrial infill project in La Mirada has sold for $76.8 mil, or $228/sf. The property, located at 14001-14051 Rosecrans Ave, was purchased by Clarion Partners LLC. We’re told the transaction ranks among Los Angeles County’s top five largest industrial investment sales of 2019, according to Cushman & Wakefield research.

14001-14051 Rosecrans Ave is a two-building project that spans 14.35 acres and features a 30’ clear height, an ESFR fire sprinkler system, large truck courts, and major street frontage along Rosecrans Ave. The property offers immediate access to the I-5 Fwy and is approximately 20 miles from the Port of Los Angeles, the Port of Long Beach, and Los Angeles International Airport. The buildings are 100% leased to three quality tenants.

Jeff Chiate, Jeffrey Cole, Mike Adey, Ed Hernandez, and Brad Brandenburg from Cushman & Wakefield’s Irvine office represented the seller, Bailard Inc, in the transaction, with Rick Ellison and Mike Foley from the firm serving as market advisors. Bailard Inc is a 50-year-old wealth management/investment advisor based in San Francisco.

“The offering represented a rare and sizable institutional-quality industrial project located in an infill location with significant barriers to entry,” said Chiate. “With vacancy at only 2.6% as of Q3 2019, the Mid-Counties industrial submarket is one of the strongest in the nation. This was an opportunity to acquire an asset with stable in-place cash flow and extraordinary upside potential, with average in-place rents well below current market rents.”

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media